Us Self Storage Industry Statistics

For instance over the past several years the size of self storage space completed in the united states increased from 18 5 million sq.

Us self storage industry statistics.

To investigate more of the wild world of self storage we pulled several interesting facts to highlight the industry s growth and the human need to hold on. Private businesses are one of the main groups which rely. Self storage industry statistics data annual self storage revenue 22 000 000 000 total number of self storage facilities in the us 58 000 average number of units per facility 566 total amount of. In 2019 9 9 percent of self storage space in the united states was vacant and the vacancy rate was forecast to reach ten percent in 2020.

In 2015 to about 36 million sq. While sometimes considered a low prestige sector of the commercial real estate industry the self storage market is booming driving 38 billion in annual industry revenue in fact 1 in 11 americans pays for storage for their excess possessions. Self storage statistics industry statistics and self storage trends. Updated 3 7 2020 this page contains statistics about the u s.

2018 us self storage industry statistics infographic jana haecherl may 24 2019. Self storage industry compiled by the sparefoot storage beat. Data includes graphs and illustrations. 172 000 people are employed by storage unit companies in the united states.

Self storage sector snapshot average monthly. Jana haecherl marketing communications specialist. In the u s 65 of self storage renters have a garage in their home 47 have an attic and 33 percent have a basement. A graduate of south dakota state university with a.

Ibisworld predicts that this industry will continue to grow at an average annual rate of 3 through 2020 and reach an estimated 60 000 units. The economic growth in the united states is constantly being driven forward by the ongoing innovation r d as well as capital investment. Households currently rent a self storage unit. Jana is a marketing communications specialist living in kansas city.

Statistics about the self storage industry including annual revenue construction pricing occupancy and financial performance.